Product Trends

Current status of creatine monohydrate

Recently, mainstream factories of the nutritional additive creatine monohydrate have been placing orders normally until mid-April. The transaction price in the domestic market is around RMB 54-56/KG. At present, prices from mainstream manufacturers remain stable, and prices are expected to remain stable in the short term.

(Source: Weigao Weekly)

Domestic Industry Information

China terminates anti-dumping and countervailing duties on Australian wine imports

The announcement stated that in view of the changes in the relevant wine market conditions in China, it is no longer necessary to impose anti-dumping duties and countervailing duties on imported related wines originating in Australia. Starting from March 29, 2024, anti-dumping duties will be terminated on imported wine originating in Australia; after the anti-dumping duties are terminated, no countervailing duties will be levied.

On March 26, 2021, China decided to impose anti-dumping duties on imported wine originating in Australia. In order to avoid double taxation, no countervailing duties will be levied. The implementation period of anti-dumping duties will be 5 years from March 28, 2021. On November 30, 2023, at the request of the Australian Grape and Wine Association, the Ministry of Commerce of China decided to review the necessity of imposing anti-dumping duties and countervailing duties on imported wine originating in Australia.

He Yadong, spokesperson of the Chinese Ministry of Commerce, said at a press conference held that day that China and Australia are each other's important trading partners. China is willing to work with Australia to resolve each other's concerns through dialogue and consultation and jointly promote the stable and healthy development of bilateral economic and trade relations.

(Source: FoodTalks)

Shipping Information

COSCO Shipping and many other shipping companies have significantly raised shipping prices, and the shipping sector has attracted attention!

Recently, the global shipping market has once again experienced major changes. Many industry giants such as COSCO Shipping have issued notices to increase shipping rates. The maximum single-time freight increase has reached US$2,000, an increase of nearly 70% compared to the current freight rate. This news caused a strong response in the industry and had a significant impact on the global shipping sector.

In this freight rate increase, COSCO Shipping Group took the lead in taking action. The large scale of the adjustment demonstrates the shipping company's keen judgment and understanding of the market supply and demand relationship in the context of continued growth in global trade flows and severe supply chain bottlenecks. Actively maintain its own profitability. This freight increase not only reflects the tight situation in the container shipping market, but is also a market-oriented adjustment to the continued rise in shipping costs.

(Source: International Shipping Network)